Question
1. The sales data in the table below is for a company in a cyclical industry that frequently makes acquisitions and divestitures. Calculate the simple
1. The sales data in the table below is for a company in a cyclical industry that frequently makes acquisitions and divestitures. Calculate the simple or arithmetic average growth rate for sales between 2010 and 2019.
| Year | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
| Sales | $572.8 | $397.8 | $510.5 | $668.6 | $729.2 | $669.1 | $530.9 | $353.1 | $325.4 | $254.8 |
a. 24.80% b. 22.48% c. 12.39% d. 9.42% e. 8.44%
2. Calculate the compound or geometric average growth rate for sales for the period from 2008 to 2017.
a. 22.48% b. 14.15% c. 13.87% d. 9.42% e. 8.44%
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
